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Office

Atrium Professional Building (Northwest Dallas)

14465 Webb Chapel Rd, Farmers Branch, TX 75234

Listing Price: Request For Offer

Gross SF
26,798
Rentable SF
26,798
Lot Size
1.38 acres
Year Built
1985

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale the fee simple ownership interest in 14465 Webb Chapel Road, in Farmers Branch, Texas. The property’s major tenants include Hanif Hussain, DDS., P.C., Dr Erwin Tang, Legends Real Estate School and Irvine Group Inc. The subject two-story office building was built in 1985 and periodically updated over the years. This asset affords investors the opportunity to acquire a quality asset in a prominent northwest Dallas neighborhood. With the property being 54 percent occupied, this presents a unique opportunity for an owner/user looking to take over the vacant space. The Atrium Professional Building offers an attractive location in proper Dallas for an owner/user with consistent cash flow that in turn could essentially be occupying the space rent free. For an investor coming into the deal, there is significant opportunity to stabilize the property at market occupancy of 85 percent with gross leases in place at market rate of $17.24 per square foot, which would increase the initial cash-on-cash return. This property location has also been a recent attractive submarket for out of state companies that are relocating to the North Texas area which has only increased demand for office space. The multi-tenant, office building contains a total of 26,798 square feet of rentable area and is conveniently located approximately three miles from Interstate 35 East and Interstate 635, allowing for easy access to the property. The office building is located on Webb Chapel Road, next to the Southwestern Korean Baptist Church and Stewart Title Company. Web Chapel Road sees a moderate estimated annual average daily traffic count of 15,350 vehicles. The property benefits from strong demographics, serving a three-mile population of approximately 110,821 residents with a one-mile average household income of $94,541.

Investment Highlights

  • Excellent Owner/User Opportunity
  • Value-Add Investment Opportunity
  • Upside Through Leasing Vacancy
  • Prominent Northwest Dallas Neighborhood
  • Roof Replaced in 2016
  • Densely Populated Area with 324,474 Residents Within Five Miles

Exclusively Listed By

Financing By

Office

Atrium Professional Building (Northwest Dallas)

Listing Price: Request For Offer

Gross SF
26,798
Rentable SF
26,798
Lot Size
1.38 acres
Year Built
1985

Investment Highlights

  • Excellent Owner/User Opportunity
  • Value-Add Investment Opportunity
  • Upside Through Leasing Vacancy
  • Prominent Northwest Dallas Neighborhood
  • Roof Replaced in 2016
  • Densely Populated Area with 324,474 Residents Within Five Miles

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale the fee simple ownership interest in 14465 Webb Chapel Road, in Farmers Branch, Texas. The property’s major tenants include Hanif Hussain, DDS., P.C., Dr Erwin Tang, Legends Real Estate School and Irvine Group Inc. The subject two-story office building was built in 1985 and periodically updated over the years. This asset affords investors the opportunity to acquire a quality asset in a prominent northwest Dallas neighborhood. With the property being 54 percent occupied, this presents a unique opportunity for an owner/user looking to take over the vacant space. The Atrium Professional Building offers an attractive location in proper Dallas for an owner/user with consistent cash flow that in turn could essentially be occupying the space rent free. For an investor coming into the deal, there is significant opportunity to stabilize the property at market occupancy of 85 percent with gross leases in place at market rate of $17.24 per square foot, which would increase the initial cash-on-cash return. This property location has also been a recent attractive submarket for out of state companies that are relocating to the North Texas area which has only increased demand for office space. The multi-tenant, office building contains a total of 26,798 square feet of rentable area and is conveniently located approximately three miles from Interstate 35 East and Interstate 635, allowing for easy access to the property. The office building is located on Webb Chapel Road, next to the Southwestern Korean Baptist Church and Stewart Title Company. Web Chapel Road sees a moderate estimated annual average daily traffic count of 15,350 vehicles. The property benefits from strong demographics, serving a three-mile population of approximately 110,821 residents with a one-mile average household income of $94,541.

Exclusively Listed By

Financing By

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